Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,900 pounds of oysters in August. The companys flexible budget for August appears below:

Quilcene Oysteria
Flexible Budget
For the Month Ended August 31
Actual pounds (q)		7,900
Revenue ($4.10q)	$	32,390
Expenses:
Packing supplies ($0.30q)		2,370
Oyster bed maintenance ($3,200)		3,200
Wages and salaries ($2,500 + $0.50q)		6,450
Shipping ($0.65q)		5,135
Utilities ($1,220)		1,220
Other ($430 + $0.01q)		509
Total expense		18,884
Net operating income	$	13,506

The actual results for August appear below:

Quilcene Oysteria
Income Statement
For the Month Ended August 31
Actual pounds		7,900
Revenue	$	26,800
Expenses:
Packing supplies		2,540
Oyster bed maintenance		3,060
Wages and salaries		6,860
Shipping		4,865
Utilities		1,030
Other		1,129
Total expense		19,484
Net operating income	$	7,316

Required:

Calculate the companys revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Quilcene Oysteria
Revenue and Spending Variances
For the Month Ended August 31
Revenue
Expenses:
Packing supplies
Oyster bed maintenance
Wages and salaries
Shipping
Utilities
Other
Total expense
Net operating income